GTJA research reports pointed out that the iPhone 16 is expected to be released in September 2024. The arrival of the replacement cycle, combined with the landing of AI functionality, is expected to drive an increase in shipment volume. Currently, major customers are actively stocking up, and the outlook for the upstream industry chain is optimistic. In July 2024, Apple introduced the test versions of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 to developers, incorporating features such as WritingTools and voice transcription. It is expected that the full Apple Intelligence functionality will be launched in the first half of 2025. Additionally, with the release of the new SE and SLIM models in 2025, it is projected that iPhone sales will surpass 250 million units in 2025. Furthermore, Apple products equipped with AI functionality will increase the performance requirements for components and PCBs, driving the value and quantity of hardware, thereby enhancing the value of the industry chain.
国泰君安：景气度延续可期，Apple Intelligence落地打开果链成长空间
GTJA: The continued prosperity is expected, and the landing of Apple Intelligence will open up the growth space of the apple industry chain.
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